Orland Park Homes Available 3/24/12

Orland Park, IL is a very popular southwest suburb of Chicago.  In fact, it was on Money Magazine's Top 100 Places to Live.  So how many Orland Park homes are currently up for sale?  Today there 272 homes on the market.

The lowest priced home is $89,900!  Keep in mind, the average sale price in Orland Park for 2011 was $318,088.  So this home is priced really low.  In fact, it's the only home priced under $100,000 in the village.  It appears to be cute and has some updates, but there is some kind of mold report that makes it look like there is some kind of mold on the property.  I think that's why it is priced where it is.

There are 23 homes priced under $200,000, which is a good amount considering the average price of Orland Park homes.  Some of these are short sales and foreclosures, but there is a good selection.

On the top of the range is a home priced at $2,200,000 that's been on and off the market since 2004.  Although the price has been reduced over the years, it's not that far off from the original list price of $2,499,900.  It's not easy selling a multi-million dollar home in our area.  They are selling in New York and California, but it's a tough sell in the southwest suburbs of Chicago.  The home is gorgeous and sits on a big lot.  I hope they can find themselves a buyer soon.

If you're looking for a home in Orland Park or any other southwest suburb, give Judy Orr a call at 708-536-8200.

2011 Homer Glen Real Estate Sales Stats

You can now view Homer Glen real estate sales statistics starting from 2005 and going through 2011.  Comparing single family Homer Glen homes from 2010-2011, there was an 8.6% increase in amount of homes sold but a 5.8% decrease in average sale prices.  We would certainly prefer to see prices increase, but at least the decrease remains in single digits, unlike some areas.  The last time we saw a double digit price drop was in 2009.

Homer Glen condos and townhomes showed double increases.  There was a huge 142.9% increase in the amount of attached properties sold!  Prices increased by 8.9% and this is the 2nd year in a row that prices have increased.  However, I think ground is being covered by a big 31.7% decrease in prices in 2009.

You can view the charts of both single family and attached Homer Glen real estate by clicking the link.

Palos Park Prices Went Up in 2011

It's statistics time and I'm busy updating real estate sales stats for the southwest suburbs I work in the most.    I've got updated data for single family Palos Park homes. Click the link and you'll see real estate sales stats from 2005 through 2011. The charts will show amount of homes sold and average sales prices for the different years.

Although the amount of sales took a double digit decrease, average sale prices actually went up by double digits.  In fact, Palos Park took back it's #1 place as the most expensive southwest suburb.  Lemont beat out Palos Park in 2010.

Another stat you might find interesting can be found by clicking Palos Park real estate supply and demand 2011.  You'll see the chart that shows exactly what a Buyer's Market is.

Orland Park Homes 2011 Sales Statistics Are In

The stats are in for all of 2011 for single family Orland Park homes.  Click the link to go to a blog post showing the data comparing the amount of sales and average home prices from 2010 to 2011.

There was a small (6%) uptick in the amount of homes sold in 2011, but the average sales prices dropped double digits (-11.9%).  It's great to have more buyers out there purchasing Orland Park homes, but sellers certainly aren't happy seeing these constant price reductions.

One of my buyers told me today that they heard that things were going to continue getting worse.  I've been feeling positive and I've been very busy working with buyers.   I'm seeing a lot of activity for this time of year.  If this activity continues this could be my best year yet.

I didn't expect Orland Park homes to drop by double digits.  I also thought we'd see a much higher figure for amounts of sales, so these figures surprised me.  I'm going to continue feeling positive about the upcoming year and working with my happy buyers and getting my listings sold.

If you're looking to purchase and/or sell this year, give Judy Orr a call at 708-536-8200.

Busy, Busy, Busy

It's been really busy for this time of year, it feels like buyers are coming out of the woodwork.  This bodes well for my positive feelings for real estate in 2012.  We will not set records, prices might continue to drop, there will still be foreclosures and short sales competing with traditional sales.  Supply and demand will continue to be lopsided with many more homes for sale vs. ready, willing and able buyers.

So how I can predict a positive coming year?  I think there will be more buyers trying to take advantage of today's low interest rates.  I think  people are feeling a bit more secure with their jobs and financial situation.  I also think they feel that these low interest rates will not last forever.

If you're thinking of buying and or selling in 2012, let me introduce you to some helpful web pages:

• Automated Home Finder - this is the best way to search for active properties.
• Internet Market Value - find out a quick estimate of what your home is worth.
• Buying a home - plenty of links and information for first-time buyers to experienced home buyers.
• Selling a home - whether this is your first time selling or you've done it before, there is helpful information here.

If you're interested in purchasing in the southwest Chicago suburbs, such as Homer Glen homes, be sure to visit the links above.

Happy Holiday Wishes

I hope you had happy and safe holidays.  2011 flew by for me.  I am anxious to start 2012 and have a positive outlook for real estate in the coming year.  I have been very busy working with buyers and can't remember writing so many offers this time of year.  My problem was dealing with sellers that didn't want showings too close to the holidays.

I will be anxious to see the real estate sales statistics our board puts out every year to allow us to compare all of 2011 to prior years.  I have a feeling that the amount of sales for most southwest suburbs will be higher but I'm not sure about prices.  Are we truly seeing a trickle of recovery?  We'll find out soon and I'll share those stats when they are available.

In the meantime, I am gearing for a busy start to 2012 and I hope it stays that way.  If you're considering buying and/or selling Homer Glen homes or properties in any of the southwest suburbs, give Judy Orr a call at 708-536-8200 or use the Quick Contact Form to the right.

Homer Glen Homes For Sale Today - 12/9/11

I'm kind of surprised at the amount of buyers I'm working with and the amount of showings some of my listings are getting at this time of year.  Sometimes the market shuts down in Illinois during the winter months, especially between Thanksgiving and New Year's.  I think low interest rates plus low prices are getting the buyers out - this is a great opportunity and I wish I could buy a bunch of homes myself right now.

 As of today's date, there are currently 207 Homer Glen homes up for sale.  I always like to show the extremes, so the extreme low price for a Homer Glen home today is a 3 bedroom, 2 bath ranch home in Pebble Creek for $129,900.  This is a short sale that is remodeled and looks to be a great deal.  However, banks don't always accept some of the low prices that agents list their short sale listings at.  So until the bank accepts an offer, we won't know if this price will stand until it closes.

On the other extreme, the most expensive Homer Glen home is priced at $1,400,000.  It is a 6,000 sq. ft. home with 5 bedrooms and 8 bathrooms.  It is one of 3 homes priced over $1,000,000.